Category: Current Events

Shall We Play a Game?

Anyone familiar with Matthew Broderick’s 1983 movie WarGames knows a simple strategic simulation could lead the US to the brink of a thermonuclear war. The movie’s artificial intelligence only stepped back at the last moment after reasoning that such a conflict would be a no-win situation for all of its participants. Some things should not…

Where Are You Headed, NYSE?

The NYSE once again has informed the New Jersey legislature that it would move operations out of the state if Trenton decides to impose an electronic financial transaction tax (FTT), Bloomberg Law ($) reported on Monday. The Intercontinental Exchange-owned business conducted a September test where it moved its operations out of the state, according to…

ECJ Nixes US-EU Data-Privacy Agreement

The United States and European Union have run into loggerheads regarding data privacy, again. For the second time in five years, the European Court of Justice has knocked down the data privacy agreement between the parties. The Court cited that the most recent agreement, dubbed Privacy Shield, did not provide EU citizens and residents with…

Two Down?

Has anyone checked on Interactive Brokers lately? There might be some interesting conversations taking place since for the second time in three months someone looks to acquire one of its online retail competitors. Morgan Stanley announced its plan to acquire E*Trade in a $13 billion all-stock transaction that would more than double the firm’s customer…